Jump to Main Content
USA flagAn Official Website of the United States Government
OIG Reports

FY2010 Recovery Act Work Plan

To view the entire FY2010 Recovery Act Work Plan, please click the PDF attachment below.

OIG Broad Recovery Act Goals:

The OIG has developed oversight plans for deploying additional resources to monitor, evaluate, and report on the performance and oversight of SBA's programs under the Act. These new programs and program changes are inherently high risk, requiring the Agency to establish effective controls and adequate oversight. Therefore, the OIG’s oversight efforts will focus heavily on assessing these controls and detecting and deterring fraud, waste and abuse in Recovery Act programs.

OIG Broad Training and Outreach Recovery Act Goals:

The OIG conducted outreach efforts to raise fraud awareness and engage industry trade groups. Outreach efforts focused on providing SBA lenders and employees with information on detecting fraud patterns that have been identified in OIG loan fraud investigations through written guidance, website information, and presentations at trade group events, as well as notifying the public of scams. Additionally, the OIG will be posting the results of audits and other reviews on its Recovery Act website. We plan to continue outreach efforts in FY 2010.

OIG Recovery Act Risk Assessment Process:

The OIG has taken a number of actions to alert Agency managers of risks and recommend cost effective controls to help prevent fraud, waste, and abuse, and ensure program goals are achieved and stimulus funds are accurately tracked and reported. In FY 2010 we will review Agency regulations and procedures for the new secondary market programs under the Recovery Act. Additionally, began conducting periodic reviews of loan quality and we will determine whether the Agency has taken the required steps, beyond standard practice, to initiate additional oversight mechanisms for programs funded by the Recovery Act. As we identify risks, we have and will continue to provide Agency managers with comments and recommendations for ways to mitigate these risks.

 

The attached document includes a table which discusses the FY 2010 OIG Recovery Act Plan Overview.

The table addresses the following topics:

  • Agency

  • Program Area

  • Agency Recovery Act Funds

  • Agency Recovery Act Funds Associated with Progam Area

  • Type of Review (Administrative / Financial, Eligibility, Performance, Other)

  • Entity Performing Review (OIG Staff, Contractor, Other)

  • Project Title

  • Background

  • Objective

  • Expected Quarter in which Work will Start

  • Expected Quarter in which Final Report will be Issued

  • Expected Number of Reports

File Attachments: 
Attachments Size
OIG FY2010 Recovery Act Work Plan 107Kb